Bengaluru: AG&P Pratham, a leading player in the Indian City Gas Distribution (CGD) industry and the Government of Karnataka signed a Memorandum of Understanding (MoU) for the development of City Gas Distribution (CGD) networks to supply reliable, economical, and environment-friendly natural gas across fifteen districts of Karnataka, said a press release. "The MoU was signed during the Global Investors Meet 2022 being held in Bangalore from 2nd to 4th November 2022. Under the MoU, AG&P Pratham will invest Rs 8,000 crores over the next eight years to build CGD networks in districts of Kolar, Mysuru, Mandya, Chamrajnagar, Hassan, Chikkamagaluru, Kodagu, Bagalkot, Koppal, Raichur, Kalaburagi, Vijayapura, Shivamogga, Uttara Kannada and Haveri," it added.
"Over the next 8 years, AG&P plans to build approximately 1000 kilometres of steel pipelines, and approximately 5000 kilometres of MDPE pipelines. This initiative will help to bring natural gas to 5 million households, several industries and commercial establishments. It has also planned to set up approximately 600 Compressed Natural Gas (CNG) stations and Liquified Natural Gas (LNG) stations to service the transport sector," a press release said.
Adding to this, the release said, "The Karnataka government is committed to providing support to enable the development of the much-awaited CGD infrastructure, which will deliver an uninterrupted supply of Piped Natural Gas to households, commercial and industrial customers, and CNG/LNG stations."
"AG&P Pratham has launched 60 CNG/LNG stations in the state, while several such stations are at various stages of development. The company has also developed approximately 200 kilometres of steel pipeline and has started providing household connections and industrial connections in Mysuru city," said a press release.
Commenting on the occasion, Abhilesh Gupta, Managing Director & CEO, AG&P Pratham said, "We are honoured to further strengthen our association with the Government of Karnataka to promote clean energy options across the State. This MoU is a testament to our consistent efforts in aligning with the Government's vision to catapult industrial growth, providing clean and green fuel to the public at large and generating employment."
"With AG&P Pratham's constant endeavour to create an environment-friendly ecosystem, they are promoting the use of CNG which has several merits over traditional fuels like diesel and petrol. CNG has the strongest safety record and compelling economic benefits to vehicle owners. Natural Gas helps reduce air pollution caused by vehicles and industries and helps the country move towards responsible growth and energy sufficiency," said a press release.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)